Floor Saw Market Estimation, Global Share, Industry Outlook, Price Trend, Growth Opportunity and Top Regional Forecast
Category: #business  By Rahul Varpe  Date: 2022-11-24
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Floor Saw Market Estimation, Global Share, Industry Outlook, Price Trend, Growth Opportunity and Top Regional Forecast

The floor saw market is set to gain considerable traction by 2028 on account of the rapidly expanding construction industry across key regions. In addition, widespread urbanization around the globe is likely to foster market growth over the forecast period.

The COVID-19 pandemic-induced lockdown periods witnessed a surge in residential renovation and home improvement projects across the world. Moreover, there has also been a spike in demand for residential accommodations. These factors have contributed to the steady recovery of the construction sector worldwide. Escalating demand for residential housing and the booming construction industry have augmented industry adoption during the pandemic.

Notably, industry players have been engaging in gainful strategies to accommodate the surging demand for specialty construction tools, which has positively impacted the overall business scenario of the floor saw market. For instance, in November 2020, Husqvarna Group, a leading manufacturer of outdoor power tools, announced the acquisition of Blastrac NA, Inc., a prominent provider of portable surface preparation technologies. The deal enabled Husqvarna to broaden its surface preparation portfolio by leveraging Blastrac’s expertise in scraping, polishing, blasting, dust collection, and grinding.

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To cite another instance, in July 2020, TYROLIT, a major producer of abrasive products for the construction industry, acquired Bibielle S.p.A., a global manufacturer of surface conditioning and high-quality abrasive products. The addition of a complementary business was intended to aid TYROLIT to strengthen its market presence and expand its product offerings in the construction sector.

Similarly, in October 2021, Saint-Gobain, a France-based manufacturer of multispecialty products for mobility, healthcare, industrial, and construction applications, took over RABONI Normandie, a key supplier of construction materials. The agreement allowed Saint-Gobain to cater to the booming residential renovation and construction market and gain a solid foothold in the French region.

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The floor saw market has been segmented on the basis of propulsion technology, power, and region. From the regional point of view, the Latin America floor saw market is poised to showcase robust expansion through the analysis timeline. The regional market is still in its nascent development stage and has numerous opportunities for growth over the forthcoming period.

Construction activities in Mexico and Brazil were sluggish till 2015 owing to the economic recession and other socio-political issues. Moreover, Brazil’s GDP reached around USD 1.645 trillion in 2021, down from USD 2.06 trillion in 2017. Other countries, such as Mexico, Chile, and Argentina, among others, followed a similar GDP pattern. These factors are likely to impede regional market growth.

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About Author

Rahul Varpe

Rahul Varpe    

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

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